The Jailhouse

[tothe]

MMEX chart~~~ Oil Refinery~Locater, Double busted symmetrical triangle.
chart & tools thread
* October 19 note conversion of 30M shares should be over.
* December 12 conversion will be about 12.64M shares.
* The way the crazy Texans or hyper-active retail (AccumDist) is reacting we should see between now and then a move past the breakout line up to the upper pattern boundary. Now 12.64M shares should start putting a drag on the PPS when the "January Effect" is taking place so it will be hardly noticed. Also the 10Q is due Dec 15 so we are in the "quiet time" so don't expect any 8K's or PR's till then.


Busted ST rules
http://thepatternsite.com/BustSymTriangles.html#NOB0

http://stockcharts.com/c-sc/sc?s=MMEX&p=D&yr=0&mn=5&dy=0&i=p26284311631&a=547077002&r=1508719472255


http://stockcharts.com/c-sc/sc?s=MMEX&p=D&yr=0&mn=3&dy=0&i=p75407060163&a=555723415&r=1512525362811



This is a map, extracted from the Railroad Commission of Texas GIS site (RCT permits pipelines in Texas) The green lines are natural gas pipelines, the light blue lines are crude oil lines. The red polygon is MMEX’s location:

http://wwwgisp.rrc.texas.gov/GISViewer2/